Japanese corporation tax for foreign affiliated company.

The feature of the Japanese corporation tax for a foreign-affiliated company.

There are following issues of the corporation tax of a foreign-affiliated
company.

Corporation tax

Japanese tax computation is based on the accounting profit of PL of the year with tax adjustments.Tax computation is not independently made from accounting profit.

There are limitation for depreciation, allowance, entertainment expenses
etc under the Japanese corporation tax regulation.
To satisfy conditions to be tax deductible expenses, we have to post it
in the accounting book.
There are a few allowed adjustments in the tax computation under some regulations, though.